Jessie Lookfong Of Capri Jet Realty Represents Buyer In $2.05M Multifamily Sale In Brooklyn
288 Palmetto Street
$2,050,000
$640/SF
Building Size
3,200 SF
Asset Type
MultiFamily
Closing
Oct 2, 2024
AI
The property involved in the transaction is located at 288 Palmetto Street, Brooklyn, and is categorized as a multifamily asset. The sale price was $2,050,000, comprising 4 units and a total square footage of 3,200. The per unit price was calculated at $512,500, while the price per square foot was assessed at $640.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,050,000
- Units: 4
- Square Feet: 3,200
- Price Per Unit: $512,500
- Price Per Square Foot: $640
- Seller: Luz Martinez
- Buyer & Seller's Rep: Jessie Lookfong - Capri Jet Realty
- Broker: Robert Napolitano - Capri Jet Realty
Jessie Lookfong, the buyer and seller's representative, is noted for her extensive experience in real estate, specializing in multifamily and mixed-use buildings as well as development sites primarily in Brooklyn and Queens. Capri Jet Realty, founded by Robert Napolitano, is recognized for its comprehensive market knowledge and strong relationships with clients in North Brooklyn.
Players
Brooklyn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.74%
Cash-on-Cash
-2.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93